Hello,
I put down a deposit 12 months ago for an apartment that was being built. It is coming close to the titles being issued, but I am having trouble securing finance to purchase the property.
If I am unsuccessful in gaining finance for the property, I realise I will lose the deposit, but will I also be held liable by the company that built the apartments because I cannot satisfy the contract...hence can I be sued?
Appreciate any Property Law help.
I put down a deposit 12 months ago for an apartment that was being built. It is coming close to the titles being issued, but I am having trouble securing finance to purchase the property.
If I am unsuccessful in gaining finance for the property, I realise I will lose the deposit, but will I also be held liable by the company that built the apartments because I cannot satisfy the contract...hence can I be sued?
Appreciate any Property Law help.